首页|Patent Issued for Systems and methods for identifying a secondarys card user (USPTO 11861613)
Patent Issued for Systems and methods for identifying a secondarys card user (USPTO 11861613)
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This patent was filed on October 5, 2021 and was published online on January 2, 2024.From the background information supplied by the inventors, news correspondents obtained the followingquote: “A primary account holder may permit a secondary user to borrow the primary account holder’scredit card for conducting certain transactions during certain periods of time. For example, a parent mayallow a child to use the parent’s credit card for purchasing clothing or school supplies. During these periodsof card borrowing, traditional systems and methods are typically unable to identify that a card is beingused by a secondary card user. One disadvantage of this lack of identification is that the secondary usermay not reap any benefit of using the primary account holder’s card from a credit history perspective.That is, any transactions conducted by the secondary user will default toward the primary account holder’scredit history such that the secondary user is unable to start building his or her own credit history beforeapplying for a separate credit card. For example, a child borrowing a parent’s credit card would not beable to build his or her own credit history. Thus, when the child goes to apply for his or her own creditcard, for example when the child goes off to college, financial institutions may be unwilling to provide thechild with his or her own credit card.
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